Mar. 12 at 8:15 PM
$DNA Today or in the first hour tomorrow was likely a time to buy the riskiest of stocks. DNA would qualify as the riskiest. You can either see this as a warning or a bottom. Could go either way. If the bottom drops out,
$1-2 could happen fast. If it does bounce with some positive World News or Jay Powell cutting rates, the ceiling is high. I give a drop a 55% chance and a sharp rise 45% odds. Two charts to show a consistent bottom that is around here but on the Bar Chart, be careful if it drops below the 30 RSI of
$5.03 because
$1.32 is the next level down. Upside is
$18.21.
The life raft would be ANY Founder making a purchase of any amount even if it’s only symbolic. Be careful !!! Maybe it is time to take this Private and admit defeat. Regroup for 5 years and emerge when/if there is progress. Yikes.
